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Internal Benchmarking

1 min. read

Evaluating how your business is performing is an important aspect to running a successful business. Below are some internal benchmarks you should examine to gauge areas you are doing well and where there is room for improvement.

Budget vs. Actual

When you set up your cash flow and income statements, you are providing benchmarks. If you use Excel or another accounting software, you can insert actual dates to provide a comparison. This is usually termed Budget vs. Actual.

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